EGX & FRA Meets with Non-banking Financial Sector Leaders
14/09/2022
Rami El-Dokany, Executive Chairman of The Egyptian Exchange (EGX), participated in a
meeting with the Egyptian Financial Regulatory Authority (FRA) and Egyptian
Capital Market parties to present The Egyptian Capital Market forthcoming plan.
El-Dokany pointed out that EGX’s strategy for the coming period will focus on the three
axes of value chain; supply, demand, as well as improving trading mechanisms
with the aim to enhance liquidity and provide a resilient, attractive, state of
the art market.
He
added that fintech solutions positively affected the participation of new
investors in the market, where the monthly figure for newly coded investors
during 2022 reached about 11K, compared to 5K during the same month last year,
as well as its accountability for the development of new financial products
catering different types and categories of investors.
EGX’s
Chairman highlighted EGX’s strategic developments to be implemented during the
coming period in trading mechanisms, indicators with the aim of providing an
attractive market to all investors, and fixed income instruments.
Concluding, El-Dokany stressed the continuous efforts of EGX in financial literacy, enhancing
ESG practices, and the development of new products in the Egyptian Capital
Market.